September 10, (THEWILL) – Olumide Adeosun, the Chief Executive Officer of Ardova Plc’s (AP), formerly known as Forte Oil has resigned from the integrated energy company. Adeosun resigned after completing his tenure as the CEO of the company. Having served in the leadership position for four years, he left to pursue new interests and opportunities.
According to the company’s policy, the CEO can only spend four years before a new successor is chosen. Adeosun’s exit was announced by the Board of Directors who revealed that despite his resignation, he would continue to contribute his quota to the activities of the company till the end of the year to ensure a smooth transition as a new executive management of the company will be taking over.
Ardova Plc is a Nigerian integrated energy company with a network of over 695 retail outlets in Nigeria and storage facilities in Apapa, Lagos, and Onne, Rivers State. The company procures and distributes petrol (PMS), diesel (AGO), aviation turbine kerosene (ATK), and liquefied petroleum gas (LPG). It also manufactures and distributes a wide range of quality lubricants from their oil blending plant in Apapa, Lagos.
